NOT LISTED FOR SALE

1837 May Rd Peru, IL 61354

-- Bed
-- Bath
52,020 Sq Ft
1.53 Acres

Last Sold July 29, 2022

Last sale price $1,675,000 $32 Per Sq Ft

11 Days on Market

About This Home

As of July 2022

24 Unit Apartment complex in Great North Peru location near shopping and restaurants 12 units - 2 bedroom, 2 baths and 12 units - 1 bedroom, 1 bath

Last Agent to Sell the Property

Chico Perez

Executive Realty Group LLC License #475132900 Listed on: 04/07/2022

Executive Realty Group LLC

Last Buyer's Agent

Katrina Jarrell

Janko Realty & Development - Peru

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,488

Year Built

  • Built in 1960

Lot Details

  • 1.53 Acre Lot
  • Property fronts an interstate

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 52,020 Sq Ft Home
  • 2-Story Property
  • Exterior Basement Entry

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service

Community Details

  • 24 Units
  • Gross Income $17,960

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,488

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Multi-Family
  • Refrigerators: 24
  • Ranges: 24
  • Number of Windows: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Interstate
  • List Price: 1700000
  • Roof: Tar/Gravel
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 19-30 Spaces

Utilities

  • Cooling: Central Individual
  • Electric: Service - 0 to 100 Amps
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.53
  • Lot Dimensions: 1.53
  • Lot Size Sq Ft: 66647
  • Zoning: COMMR

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 52020

Multi Family

  • GrossIncome: 17960
  • NumberOfUnitsTotal: 24
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 16488
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Jul 26, 2022
Sold by
Php Homes Llc Two
Bought by
Aloe Properties Llc
Seller's Agent
Chico Perez
Executive Realty Group LLC
Buyer's Agent
Katrina Jarrell
Janko Realty & Development - Peru
List Price
$1,700,000
Sold Price
$1,675,000
Premium/Discount to List
-$25,000
-1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,000,000
Outstanding Balance
$7,664,510
Interest Rate
5.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2007
Sold by
Lucas Harold R and Lucas Linda R
Bought by
Valley Green Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
7.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aloe Properties Llc $1,675,000 None Available
Valley Green Property Management Llc $880,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aloe Properties Llc $8,000,000
Previous Owner Valley Green Property Management Llc $660,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2022 07/29/22 Sold $1,675,000 -1.5% $32 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $1,700,000 -- $33 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,832 $264,576 $74,178 $190,398
2023 $17,077 $264,576 $74,178 $190,398
2022 $16,222 $249,600 $69,979 $179,621
2021 $16,522 $249,600 $69,979 $179,621
2020 $16,488 $249,600 $69,979 $179,621
2019 $16,486 $249,600 $69,979 $179,621
2018 $16,627 $249,600 $69,979 $179,621
2017 $16,754 $249,600 $69,979 $179,621
2016 $17,056 $249,600 $69,979 $179,621
2015 $4,106 $197,556 $69,979 $127,577
2012 -- $197,556 $69,979 $127,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11368753

Midwest Real Estate Data (MRED)

APN: 11-32-404004